Great Elm Capital Corp. Declares Quarterly Dividend of $0.35 (NASDAQ:GECC)

Great Elm Capital Corp. (NASDAQ:GECC) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Friday, June 14th will be paid a dividend of 0.35 per share by the financial services provider on Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a yield of 13.71%. The ex-dividend date of this dividend is Friday, June 14th.

Great Elm Capital has decreased its dividend by an average of 2.1% per year over the last three years. Great Elm Capital has a dividend payout ratio of 86.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Great Elm Capital to earn $1.68 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 83.3%.

Great Elm Capital Price Performance

GECC traded down $0.04 on Friday, reaching $10.21. The company had a trading volume of 12,106 shares, compared to its average volume of 12,743. The business has a 50 day simple moving average of $10.53 and a 200 day simple moving average of $10.39. The company has a market cap of $96.48 million, a price-to-earnings ratio of 4.64 and a beta of 1.53. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.64. Great Elm Capital has a 52-week low of $7.51 and a 52-week high of $11.82.

Great Elm Capital (NASDAQ:GECC) last announced its earnings results on Thursday, February 29th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $9.16 million during the quarter, compared to analysts’ expectations of $8.95 million. Great Elm Capital had a net margin of 46.02% and a return on equity of 13.36%. As a group, sell-side analysts anticipate that Great Elm Capital will post 1.69 EPS for the current year.

Great Elm Capital Company Profile

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.